With figures showing significant sales growth within its Performance Additives Division, forecast to exceed the 2023 plan by 32%, the company has reported strong results in its Concrete Admixtures Division alongside an industry-wide slowdown in the contract manufacturing sector.
Oscrete is one of the UK's leading specialist construction chemical suppliers. It manufactures and supplies a range of high-performance super-plasticising admixtures, waterproofing agents and efflorescence controllers for the precast, ready-mix concrete and ready-to-use mortar industries.
In a move designed to boost the company's construction supply, customer service and new product development, Oscrete announced its independence from sister company Christeyns in January 2022 to facilitate a period of intense investment and a renewed focus on core markets.
Oscrete director Scott Wilson said: "Our first year of independence has seen us invest in our lab space and capabilities, launch new products and recruit – expanding our customer service team with three new additions and bringing in new industry specialists to our national sales network.
"It's been a year of immense change and dynamic markets for all businesses in the construction sector, which has moved a lot faster than at the height of the pandemic. Challenges such as the cost of living squeeze and the energy crisis mean that areas where the sector expected continued growth, such as home improvements, have declined rapidly. However, our strong supply chain relationships have given us security over supply, meaning our performance additive division has grown beyond our predicted budgets."
He added: "We're now looking forward to a year of continued business growth and strengthening the capabilities within our technical and customer services division in 2023."